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indirect tax |
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indirect tax
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Keith Miller, Chair of the Chapter's Indirect Tax Committee, and Will Morris, Chair of the European Tax Committee, respectively, followed Ms Bennett, summarizing the committees' activities in monitoring VAT and direct tax developments as well as updating attendees on currently pending advocacy projects. Based on the authors' experience, the indirect tax staff and the procurement department--the front-line agents in realizing and possibly identifying such savings--are rarely included when evaluating capital investment decisions. In addition to relieving the City of its obligation to pay substantial maintenance and capital repair costs, the new stadium is expected to generate about $96 million more per year in direct and indirect tax revenue than the City would have received from the team without it. |
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